With any sort of multifamily housing arrangement comes the possibility of a certain amount of conflict between the various involved parties: shareholders, board members, management, and sponsors. In theory, a key role of a board of directo…
To conserve power to help avoid a blackout, the power industry recommends: In heating season, set the furnace thermostat at 68 degrees or lower. In cooling season, set the thermostat at 78 degrees or higher. Most power is used …
Eligible co-op boards facing skyrocketing maintenance charges due to rising energy costs can seek assistance from the New York Energy Smart Assisted Multifamily Program (AMP), administered by the New York State Energy Research and Developm…
Lots of people talk about the stress and uncertainty of the approval process in New York City's co-op and condo buildings; all that scrutiny, all that paperwork! But the endless reams of forms and files take another toll as well - on the e…
In New York City, electricity is a lot like Chinese food. It's ubiquitous, available for delivery right to your home, and is made with lots and lots of oil. But unlike a good Chinese restaurant, Con Edison, the electricity provider for alm…
Every year, co-ops and condos in New York City pay millions of dollars in utility expenses, including electric, water/sewer, gas, and steam. Are you certain your building is paying the correct amount? What if it isn't? Without an expert au…
Brooklyn's Community Board 6 - which covers Cobble Hill, Carroll Gardens, the Columbia Street District, Red Hook, Gowanus and Park Slope - may be one of the most diverse community boards in the city. Its images range from fishermen an…
The New York City Department of Finance (DOF) utilizes income and expense information to estimate a property's market value, which in turn is used to calculate the real estate taxes levied thereon. The DOF culls this information from a var…
It's not uncommon for co-op and condo buildings to lease that empty space on their ground floor to commercial tenants - usually restaurants, retail stores, or small professional offices. While commercial tenants' rent can add to a building'…
In many buildings, the roof isn't just a protective covering to fend off the elements, but also a luxurious amenity where residents enjoy patio gardens and perhaps even lounge and socialize with neighbors. However, when celebrated ar…